Casio 2007 Annual Report Download - page 30

28 CASIO COMPUTER CO., LTD.
Consolidated Statements of Cash Flows
Thousands of
Millions of Yen U.S. Dollars (Note 1)
2007 2006 2007
Cash flows from operating activities:
Income before income taxes and minority interests ......................................................... ¥41,383 ¥39,671 $ 350,703
Depreciation (including software).................................................................................... 31,613 26,629 267,907
Amortization of goodwill ................................................................................................ —57 —
Loss on disposal and sales of property, plant and equipment........................................... 751 603 6,364
Gain on devaluation and sales of investment securities.................................................... (1,102) (31) (9,339)
Gain on sales of consolidated subsidiaries and affiliates................................................... (231) (1,928) (1,958)
Government grants......................................................................................................... (360) —(3,051)
Increase (Decrease) in liabilities for the employees’ severance and retirement benefits ..... (411) 395 (3,483)
Increase in retirement benefits for directors and corporate auditors................................. 600 487 5,085
Interest and dividends income......................................................................................... (2,713) (1,858) (22,992)
Interest expense.............................................................................................................. 1,607 1,300 13,619
Foreign exchange gain .................................................................................................... (1,158) (1,220) (9,814)
Equity in gains of affiliates .............................................................................................. (135) (138) (1,144)
Changes in assets and liabilities:
Increase in notes and accounts receivable .................................................................. (21,208) (10,696) (179,729)
Decrease (Increase) in inventories ............................................................................... (7,652) 7,093 (64,846)
Increase in other current assets .................................................................................. (3,756) (3,450) (31,831)
Increase in notes and accounts payable...................................................................... 10,076 6,121 85,390
Increase (Decrease) in consumption tax payable ......................................................... 7(502) 59
Increase in other current liabilities .............................................................................. 4,410 1,994 37,373
Increase (Decrease) in trade notes and export drafts discounted ................................. (559) 40 (4,737)
Payments of bonuses to directors and corporate auditors................................................ (208) (206) (1,763)
Other.............................................................................................................................. (1,898) (3,862) (16,084)
Total ......................................................................................................................... 49,056 60,499 415,729
Interest and dividends received........................................................................................ 2,737 1,790 23,195
Interest paid.................................................................................................................... (1,636) (1,291) (13,864)
Income taxes paid ........................................................................................................... (14,208) (17,123) (120,407)
Net cash provided by operating activities ............................................................. 35,949 43,875 304,653
Cash flows from investing activities:
Deposits in time deposits ................................................................................................ (1,135) (688) (9,619)
Withdrawals from time deposits...................................................................................... 1,132 647 9,593
Payments for acquisitions of tangible fixed assets............................................................ (16,865) (19,935) (142,924)
Proceeds from sales of tangible fixed assets..................................................................... 595 1,039 5,042
Payments for acquisitions of intangible fixed assets ......................................................... (17,942) (11,815) (152,051)
Proceeds from sales of intangible fixed assets.................................................................. —1—
Payments for purchases of investment securities.............................................................. (9,039) (3,353) (76,602)
Proceeds from sales and redemption of investment securities.......................................... 4,717 1,703 39,975
Proceeds from sales of consolidated subsidiaries and affiliates......................................... 319 2,958 2,703
Payments for long-term loans receivable ......................................................................... (45) (18) (381)
Collections from long-term loans receivable .................................................................... 30 64 254
Net decrease in loans receivable...................................................................................... 1587 9
Other.............................................................................................................................. 553 (872) 4,687
Net cash used in investing activities....................................................................... (37,679) (29,682) (319,314)
Cash flows from financing activities:
Net increase (decrease) in short-term borrowings ............................................................ 4,285 (1,519) 36,314
Proceeds from long-term debt......................................................................................... —6,000 —
Payments for long-term debt........................................................................................... (20,747) (9,688) (175,822)
Redemption of bonds ..................................................................................................... —(30,000) —
Payments for acquisitions of treasury stock...................................................................... (6,557) (47) (55,568)
Proceeds from sales of treasury stock .............................................................................. 338 359 2,864
Payments for cash dividends ........................................................................................... (5,319) (4,515) (45,076)
Other.............................................................................................................................. (713) (408) (6,043)
Net cash used in financing activities ...................................................................... (28,713) (39,818) (243,331)
Effect of exchange rate changes on cash and cash equivalents..................................... 2,450 3,268 20,763
Net decrease in cash and cash equivalents ...................................................................... (27,993) (22,357) (237,229)
Cash and cash equivalents at beginning of year (Note 3) ............................................... 125,232 147,589 1,061,288
Cash and cash equivalents at end of year (Note 3) .......................................................... ¥97,239 ¥125,232 $ 824,059
See accompanying notes.
Years ended March 31, 2007 and 2006 Casio Computer Co., Ltd. and Subsidiaries